Beginners Guide To Order Flow PART 4: Platform, Data, Instruments

11 Comments / Trading Articles / By

Do you prefer a video? Check this out:

This article is the last part of a four-part Beginners Guide to Order Flow. Here are links to all parts:

  1. Beginners Guide to Order Flow PART 1: What Is Order Flow?
  2. Beginners Guide to Order Flow PART 2: Special Features
  3. Beginners Guide To Order Flow PART 3: Trading Strategies
  4. Beginners Guide To Order Flow PART 4: Platform, Data, Instruments

In this last part of the Beginners Guide to Order Flow series I will show you how to get the trading platform running, how to get high quality data and what trading instruments are best to trade with Order Flow.

PLATFORM & DATA

Order Flow relies on good data. The best you can do is use Futures data in your analysis. The reason is that Futures is centralized (opposed to Forex which is decentralized). Centralized data means that everybody on the planet gets the same data.

NinjaTrader 8 (NT8) platform

My Order Flow software was developed for NinjaTrader 8 trading/analysis platform. This platform is completely free. You can use the trial/free version indefinitely. It will work 100% and it includes all the functions you will need.

There is also a paid NT8 version but you don’t need that!

I have been using the free platform in trial mode for years. The way I do it is that I do my analysis using advanced indicators (Volume Profile, VWAP, Order Flow) in NinjaTrader 8 platform, and then I place the trades in my brokers platform (not in NinjaTrader 8). I advise you do it the same way. This way you will be using a fantastic and free charting platform (NT8), and trade with your current broker (or with our recommended broker).

You can download the NinjaTrader 8 free platform here: NinjaTrader 8 trading platform download

How to get good NinjaTrader 8 data?

Create an account with FXCM broker (demo) and then use the username and password in NinjaTrader to connect to their data feed. This will give you FREE and UNLIMITED forex data! Here is the link to create an account: FREE UNLIMITED FXCM DATA

Recommended Forex Broker

Having a solid broker with low spreads and commissions is ESSENTIAL for PROFITABLE TRADING! Check out my recommended brokers
RECOMMENDED BROKER

What to trade with Order Flow?

Order Flow is best used for day trading. I use it mostly for currency futures. The way I do it is that I do my analysis in NinjaTrader 8 with currency futures, and then I execute the trades with my Forex broker on Forex.

This way, every level I have on futures needs to be transferred to Forex. It is pretty easy. I show how to do it in my Video Course which is included in the Elite Pack and in the Order Flow Pack.

You can use Order Flow to day trade almost any trading instrument. The most popular markets are:

  • Currency futures
  • Indices (S&P 500, Nasdaq, Dow Jones, DAX,…
  • Oil, Metals (Gold,…)
  • Stocks

Trading Forex with Order Flow is also possible (at least with my software), but some functions of the Order Flow won’t work. The reason for this is that Forex data-feed won’t give you Bid x Ask data, but only Volume data (sum of  Bid + Ask). That’s why I prefer to do my analysis using currency futures.

Where to get Order Flow?

You can get my custom made Order Flow here:

TD Order Flow Software & Training – Click Here

The Order Flow Package includes Lifetime Access To:
  • Order Flow software
  • Order Flow Video Course (12 hours long)
  • Volume Profile Pack
Additionally, you can get our proprietary Order Flow software as a standalone product via the Order Flow page I’ve linked to above. Happy trading! -Dale

This article was the last part of a four-part Beginners Guide to Order Flow. Here are links to all parts:

  1. Beginners Guide to Order Flow PART 1: What Is Order Flow?
  2. Beginners Guide to Order Flow PART 2: Special Features
  3. Beginners Guide To Order Flow PART 3: Trading Strategies
  4. Beginners Guide To Order Flow PART 4: Platform, Data, Instruments
Trader Dale - Free Book

11 thoughts on “Beginners Guide To Order Flow PART 4: Platform, Data, Instruments”

  1. Hesham

    Thanks indeed, hope to provide a downloaded version in PDF format. It will give more chance to study away from laptop.

    Reply
  2. Hesham

    I find the PDF as downloaded user guide, thanks indeed. As usual I find what I dream under your site, really it is wonderful efforts to simplify the webpages to work as friendly as possible with users.

    Reply
    1. Trader Dale

      I’m glad you found it in the meanwhile mr. Hesham, although I just sent you one on email before few seconds. 🙂
      It’s great to hear you are happy with it. Cheers!

      Reply
  3. Chris

    Hi Dale
    Great resources thanks.
    I trade tops and bottoms intraday looking at momentum shifts in EurUsd mainly and want to try and tighten up my methodology.
    Which do you recommend: Volume Profile, VWAP or Order Flow as best starting point for my approach?
    If it is all three then could you prioritise?

    Thanks
    Chris

    Reply
  4. Sergei

    Hi, Dale! Could you explain if it is still possible to make proper analysis on futures and then apply it on forex chart if futures chart is always delayed for at least 10 minutes?

    Reply
    1. Trader Dale

      Hello,
      futures data should not be delayed. You can do proper analysis with delayed data no problem – but only when it comes to determining S/R level. If you want to trade the level and use Order Flow, then obviously delayed data is no good.
      Cheers!

      Reply
  6. Vince

    Hi Dale!

    I was curious, do you folks provide an option to just purchase the indicators/software alone? Without the courses, levels, etc.?

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *

USEFUL LINKS

 

Terms and Conditions

Contact

Become an Affiliate

FOLLOW ME ON SOCIAL MEDIA

Facebook Twitter Youtube Instagram

YOU CAN ALSO FIND ME ON

 

Trading View

TD’s MT4 Trade

Volume Profile

Order Flow

Risk Disclosure

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonials

Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Live Trades

This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented are NOT TRADED IN A LIVE ACCOUNT and should be considered hypothetical.